Productivity effects of trade in natural resources - comparison with mechanisms of technological specialisation

Zuzanna Zarach and Aleksandra Parteka

No 68, GUT FME Working Paper Series A from Faculty of Management and Economics, Gdansk University of Technology

Abstract: This paper compares two alternative growth paths, assessing the effects on productivity of specialisation in natural resources (NR) and in technologically advanced products. The empirical analysis exploits product-level export data for 109 developing and 51 developed economies over the period 1996-2018. We document two distinct types of specialisation, based on exports either of natural resources or of technological products, and compare their role in productivity growth by GMM estimation of a conditional convergence model. In general, reliance on natural resource exports slows growth, but we find that the type of resources exported is important: fuel exports hamper growth while specialisation in metals enhances the catch-up in productivity. Technological specialisation, especially in products typical of the Fourth Industrial Revolution, reinforces productivity growth but does not affect the relationship between resources and productivity growth.

Keywords: natural resources; technology; specialisation; productivity growth; convergence (search for similar items in EconPapers)
JEL-codes: O13 O3 O47 Q32 (search for similar items in EconPapers)
Date: 2022-04, Revised 2022-09
New Economics Papers: this item is included in nep-agr, nep-eff, nep-ene, nep-env, nep-gro and nep-int
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https://cdn.files.pg.edu.pl/zie/Strona%20polska/Na ... 8_Zarach_Parteka.pdf Revised version, 2022 (application/pdf)

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Journal Article: Productivity effects of trade in natural resources—comparison with mechanisms of technological specialisation (2023)
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